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Originally Posted by Zapatan
That's why I was partially suspecting they'd build an office park a bit out of the city instead of a tower, it'd probably be more economical too.
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There is literally a 0% chance this happens.
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Although on the flip side JPMC isn't a tech company, so it would just be for the tech branch. Maybe they'd still put their financial executives in a tower.
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JPMC employs over 55K tech people with an annual budget for IT only of $14 BILLION. This is more money budgeted for IT than companies like eBay or Discover Financial make in revenue in an entire year and barely below companies like Uber and Adobe. It employs over 2X more tech people alone than Uber has total employees, period. Chicago has in the multiple of thousands of tech workers and could probably fill 15 floors of Chase Tower alone with just tech (not counting adjacent roles). JPMC engineering has completely rebranded itself as well and more and more big firms like this and WF compete with FAANG for talent now.
It's 2022,. Time to update how you think of a "tech company."
In short - who knows what the plans are for this site. But discounting *any* company to build some tower that would take 3+ years out to complete anyway is shortsighted. Recessions don't typically last that long.